In a recent case, the government prosecuted two tax return preparers with offices located in California, Maryland and New York, for assisting wealth clients to hide millions of dollars in Israeli Banks.
Foreign Banks Continue Cooperation with DOJ
IRS Form 8938 and FBAR (Form 114) Comparison
The U.S. Department of Justice announced that two banks, Rothschild Bank AG and Banca Credinvest SA, have reached resolutions under the DOJ’s Swiss Bank Program.
More Swiss Banks Enter into Non-Prosecution Agreement with DOJ, Added to 50% FBAR Penalty List
Peter Amrein, a former Swiss banker, pleaded guilty to a tax conspiracy charge for helping U.S. taxpayers hide millions of dollars in offshore accounts from the Internal Revenue Service.